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Originally Posted by Timmyb
Great Simon. I would love to see you come back to them. I feel like maybe I turned a corner myself. If you ever want to chat about futures let me know. And i really do think your on the right track there. People say losers average losers, But there is a difference between screaming at your pc and buying contract after contract as the price goes against you and creating a position. No one can nail tops and bottom perfect but a high percentage can get their average dang close. Always leave powder in you keg. The key with futures is to remember they are far different than any other animal. I am trying my best to work stops into my trading but i am having a hard time. i am now using a hard 5 point stop. But I will have to see how things go. The big guys don't pick a level and just start buying it there. Even cramer preaches to use you stuff to gauge direction then begin to limp into your position. In reality your last contract added should almost never go against you more than 2 points imo. But everything varies.
Tim
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Good input. Patience is a must. I believe John Carter said if people would double their stops they would probably become profitable from that alone. People are too hellbent on being "right". You can be wrong a few times and create a "right"...if done carefully and planned out.